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McLaren Automotive has been rumored to be bought by Apple back in 2016, but why sell a company which does so well on its own? Of course the car maker isn’t planning to do any of this, because its lineup brought it to record profitability and sales in 2016. The automaker reported Thursday that pretax profits for 2016 were 9.2 million pounds ($11.9 million) on revenue of $844.7 million. That's a 70 percent increase from 2015 profits and marks the fourth consecutive year of profits for the independent McLaren brand. Much of the company's higher profit tally in 2016 reflec...
The current slowdown in U.S. auto sales may be less severe for the auto industry than it seems. The reason is that most of the decline is in generally less-profitable fleet sales. The forecasting and consulting firms said they expect U.S. auto sales of just under 1.5 million in June 2017, down 2.3 percent from a year ago. That corresponds to a Seasonally Adjusted Annual Rate of 16.5 million, down from a SAAR of 16.8 million a year ago. The SAAR is an estimate for the full year of sales, based on the selling rate in a single month. June would mark the fourth monthly SAAR in a row bel...
While McLaren is truly happy with its sales and doesn’t plan on switching to the SUV market, Audi is already thinking of adding more sport utility vehicles to its U.S. lineup. The carmaker revealed that it still has niches and segments which might bring to better sales in US. Crosssovers will be a major part of Audi’s U.S. lineup and Audi is pushing to add their own full-size Mercedes-Benz GLS-Class rival since there is demand in this side of the Atlantic for an SUV that large. As for sedans, every automaker, Audi isn’t seeing the same kind of sales numbers a...
Just in case you were wondering about McLaren switching to the SUV market, now we know for sure that this thing won’t happen anytime soon. The company will continue working on driver’s cars and GTS cars. More and more SUVs are being introduced by more and more manufacturers at the moment, some of which are arguably just trying to soak up the market demand and go with the trends. McLaren Automotive isn’t looking that much at increasing its sales figures, as it is focusing on quality first. So far this year McLaren sales in Australia are up by almost 150 per cent yea...
A vigorous court challenge is to be expected. New Work State’s general and 12 other top state law enforcement’s try to roll back vehicle emission rules announced by Trump’s administration before. In March, President Donald Trump ordered a review of U.S. vehicle fuel-efficiency standards from 2022-2025 put in place by the Obama administration, saying they were too tough on the auto industry. The push to weaken the rules by the Trump administration comes as automakers are worried that consumers shift to larger vehicles and low gas prices will make it expensive or impo...
